First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 12.5% in November

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,400 shares, a drop of 12.5% from the November 15th total of 1,600 shares. Based on an average daily trading volume, of 43,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

Several large investors have recently modified their holdings of FTXN. Adamsbrown Wealth Consultants LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter worth approximately $216,000. Centaurus Financial Inc. increased its stake in First Trust Nasdaq Oil & Gas ETF by 6.2% in the third quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock valued at $248,000 after acquiring an additional 504 shares during the last quarter. Tudor Financial Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 3rd quarter worth about $275,000. MML Investors Services LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 3.6% during the third quarter. MML Investors Services LLC now owns 10,760 shares of the company’s stock valued at $312,000 after acquiring an additional 378 shares during the last quarter. Finally, Stevard LLC purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the second quarter worth approximately $363,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ FTXN opened at $29.51 on Friday. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $26.60 and a 52 week high of $33.72. The stock’s 50 day moving average price is $30.52 and its two-hundred day moving average price is $30.30. The stock has a market capitalization of $168.21 million, a price-to-earnings ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.1768 per share. The ex-dividend date of this dividend is Friday, December 13th.

First Trust Nasdaq Oil & Gas ETF Company Profile

The First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund that is based on the NASDAQ US Smart Oil & Gas index. The fund tracks an index composed of 50 US oil and gas companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXN was launched on Sep 20, 2016 and is managed by First Trust.